A
research study titled, “Wireless Health
Market by Technology, Component, Application and End User -
Global Industry Analysis and Forecast to 2025” published by Crystal Market
Research, states that the wireless health market is projected to be around $309
billion by 2025.
In
wireless health, the traditional medicines are combined with wireless
technology for diagnosis, treatment and monitoring of disease. Patient’s
physiological condition can be determined by wireless healthcare devices.
Markers of the chronic diseases can be monitored by wireless health which will
lead to more effective management of these diseases. Wireless health can be
useful in monitoring blood pressure, fluid stats and cardiac function of a
patient for effective management. This reduces hospital stays and emergency
room visits. Wireless health can also be used in communicating health
information about a patient suffering from trauma present on field.Wireless
health allows patient to live his life without restricting the interaction
between the patient and clinician to a specific time and place. Wireless health
helps in offering diagnosis, monitoring and treatment to patients in places
where it is difficult to reach.It helps the clinical workforce to diagnose and
monitor huge populationby means of automated monitoring.
The
software market will witness considerable growth during the forecast period as
the awareness about the advantages of healthcare IT is on the rise across the
world. Increasing adoption of software applications related to different
healthcare processes such as diagnostics and patient monitoring will drive the
growth of this market over the forecast period. The WPAN segment accounted for
the majority of the wireless health market in 2016. The high security features
of the technology along with low cost implementation have majorly contributed
to the robust growth of this market.
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full research report with TOC @: http://www.crystalmarketresearch.com/report/wireless-health-market
Patient-specific
application segment accounted for the largest shareof the market in 2016, due
to rise in adoption of patient specific products and need for quality
healthcare. Services providers segment accounted for the major share of the
overall market in 2016, due to large number of healthcare providers adopting wireless
health solutions to deliver high quality health care.
U.S.
held the major share of the North America wireless health market in 2016 owing
to the huge spending on healthcare IT in the country. According to a survey
conducted by the Department of Health and Human Services in May 2016, nearly
all the hospitals in the U.S. are using certified Electronic Health Records to
manage patients’ health records. Emerging countries such as China and India are
aggressively adopting wireless health technologies.
Strategic
collaborations and product development are the major strategies adopted by the
companies operating in the global wireless health market. For instance, in
August 2016, Philips Healthcare and Qualcomm Life Inc. collaborated to leverage
Philips HealthSuite and Qualcomm Life’s 2net platform to advance personalized
connected healthcare. Likewise, in October 2014, Philips Healthcare
collaborated with Eseye, aglobal provider of M2M cellular connectivity, for
supplying Multi-IMSI AnyNet connectivity for their telehealth platform, Philips
Motiva. Moreover, in November 2016, Smiths Medical launched PharmGuard
interoperability software for smart pump programming.
Some
of the key players in the global wireless health market are AT &T, Inc.,
Cerner Corporation, Alcatel-Lucent, Omron Corporation, Verizon Communications,
Inc., Qualcomm, Inc.,Allscripts Healthcare Solutions, Inc., Aerohive Networks,
Inc., Philips Healthcare, and Vocera Communications, Inc.
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Key
Findings of the Research Study:
- The
software segment is expected to witness lucrative growth during the
forecast period due to rapid adoption of healthcare IT software products
by the industry.
- The WPAN
segment accounted for the largest share in the wireless health market in
2016 as it is widely used to link wireless healthcare devices with
computers.
- The
Bluetooth segment accounted for the largest share of the WPAN market in
2016 owing to its low cost application.
- North
America accounted for the major share of the global wireless health market
in 2016 due to the large scale adoption of wireless healthcare devices and
software solutions in the countries such as U.S. and Canada.
- Asia-Pacific
market will experience robust growth during the forecast period due to
rapidly increasing internet penetration and adoption of wireless medical
devices.
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